Income Statement (LO1) Given the following information, prepare in good form an income statement for Jonas Brothers Cough Drop Must write all accounts in order. Abbreviated terms are accepted.

Each calculation must be labeled with the correct account name and dollar value.

Selling and administrative expense. 5250,000

Depreciation expense. 190.000

Sales. 1.600,000

Interest expense. 120.000

Cost of goods sold. 480,000

Taxes. 165.000